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Donald Trump Jr. Just Supercharged This Penny Stock. Should You Buy Shares Here?
Yahoo Financeยท 2025-09-12 17:36
Core Insights - Mixed Martial Arts Group's (MMA) stock surged over 100% in premarket trading after the announcement of Donald Trump Jr. joining as a strategic advisor, with the stock price rising from 85 cents to approximately $1.76 [1][4] - Trump Jr. will provide strategic counsel to enhance global recognition and accelerate commercialization of MMA's platforms, technology, and training programs, leveraging his expertise in technology and media [2][3] - The announcement strengthens the relationship between the Trump family and combat sports, particularly with ties to UFC CEO Dana White, and positions MMA for growth through new partnerships, including with UFC Gym Group [3] Financial Performance - Prior to the recent surge, MMA stock had declined nearly 40% year-to-date, underperforming the S&P 500's 12.5% gain, but is now up 20% year-to-date [4] - MMA is valued at a market cap of $20.6 million and operates at the intersection of combat sports and blockchain technology [5] Strategic Initiatives - MMA announced a strategic partnership with Morphotech to develop a dual-layer platform that combines traditional Web 2.0 functionality with Web3 capabilities, targeting over 700 million mixed martial arts fans globally [6] - The new platform will include tokenized reward systems, NFT marketplaces, competitive arenas, and future augmented reality enhancements powered by MMA's native utility token [6]